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Discussion

Which of the following is not true about Real Time Gross Settlement (RTGS) system?

  • A.The minimum amount that can be received through RTGS is ` 2 lakh.
  • B.The banks receive the funds in real time as soon as funds are transferred by the remitting bank.
  • C.The minimum amount to be remitted through RTGS is ` 2 lakh.
  • D.All of the above are correct.

Answer: D

If maximum limit is Rs 2 lakh, then minimum will also be Rs 2 lakh.

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